This report, The Armoured Vehicles Market 2011-2021, finds many countries in the midst of acquisition or upgrade programmes to replace or refurbish large fleets of armoured vehicles. However, reduced defence budgets were announced by many countries in 2010 which have had an impact on some armoured vehicle programmes, although there are other nations that are actually set to increase defence spending. Armoured vehicles of various types have been found to be critical whether in conventional battles or in counter-insurgency-type conflicts, and thus programmes related to these are expected to see considerable funding in coming years. Visiongain assesses that the global armoured vehicle spending was worth over $10.4bn in 2010 and demand will pick up over the next few years.

There will be robust demand for armoured vehicles in the next decade. New acquisitions also clearly outstrip upgrade programmes although there are also significant programmes of the latter. This report is packed with over 80 charts that show key trends in the armoured vehicles market at the global level and in 20 leading national markets.